Paragon Intersects 17.05 Metres of 14.80% Zinc, 3.56% Lead, 1.40% Copper, 80.90 g/t Silver, 1.35 g/t Gold at South Tally Pond VMS Project

Paragon Minerals Corporation (TSX VENTURE: PGR) ("Paragon") is pleased to provide an update on the 2010 diamond drilling program and down-hole Pulse EM geophysical surveys completed on its 100%-owned South Tally Pond volcanogenic massive sulphide ("VMS") project in central Newfoundland. The project is located adjacent to Teck Resources Duck Pond copper-zinc mine, where Paragon holds a significant land position covering 21,400 hectares of this producing volcanic belt. Highlights of the current program include:

- Infill drill hole LM10-43 intersected 30.10 metres of 9.30% zinc, 2.28% lead, 0.91% copper, 60.37 g/t silver and 1.41 g/t gold including 17.05 metres of 14.80% zinc, 3.56% lead, 1.40% copper, 80.90 g/t silver, 1.35 g/t gold.

Nevada Copper Intersects 4.18% Copper Over 29.7 Meters (97.5 ft)

Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announce further drill results from the East Deposits which remains open in several directions. The current drilling continues to demonstrate continuity of mineralization and expand the copper resource at the 100% owned Pumpkin Hollow Property located in Nevada. The five drill holes presented below are the latest results from a 25,000 meter drill program. Currently five drills rigs including four core rigs are operating at the Pumpkin Hollow Property.

Drill holes NC10-01 and NC10-05 were drilled in the northern part of the East Deposit to delineate high grade copper mineralization encountered in the 2008 and recent 2009 drilling.

Rio Tinto Increases Ownership in Ivanhoe Mines to 22.4% with US$232 Million Purchase of Shares

Proceeds to be used by Ivanhoe to acquire critical mining and milling equipment for the Oyu Tolgoi copper-gold complex in Mongolia

Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN), and John Macken, President and Chief Executive Officer, announced today that the company has entered into an agreement to issue 15 million common shares to Rio Tinto at CDN$16.31 per share, for net proceeds of CDN$244.7 million (US$232.4 million(i)).

Ivanhoe Mines will use the proceeds to purchase from Rio Tinto key mining and milling equipment to be installed during the construction of the Oyu Tolgoi copper-gold mining complex in Mongolia.

Consolidated Abaddon to Begin Drill Program on Raleigh Lake Lithium Property

Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") announces that a winter 2010 drill program is scheduled to commence the first week of February on its recently acquired 560 acre Raleigh Lake Lithium project located in the Kenora Mining Division in Northwestern Ontario.

The Raleigh Lake Lithium property is ideally located 5 km south of the Trans Canada Highway equidistant between the towns of Dryden and Ignace, Ontario. Accessibility to the property is also readily available with infrastructure and power nearby.

Drilling on the Raleigh Lake Lithium and Tantalum zone is scheduled for February 2010. A phase one drill program consisting of 5 to 7 holes totalling approximately 1500 metres will be carried out by Rodren Drilling of Winnipeg, Manitoba.